As this sleepy Mexican village is transformed into a major shipping port, domain values will soar in value

Tuesday, September 14, 2010

California Container Port Business Best in Three Years; Renews Pressure for Mexico to Build Punta Colonet Mega-Port as Reliever

Container traffic at the Port of Los Angeles climbed 25% in August, compared to the year-ago period, reaching its highest level since August 2006. That's proof that the economic recovery has continued in advance of the key Fall shipping season. Loaded inbound containers totaled 399,150, up 23.3%. Overall, the total 763,837 containers through the port last month was the highest monthly total since 790,726 in August 2006. Container traffic through the Port of Los Angeles is up 17.9% so far in 2010, compared to 2009.

Clearly, pressure is building for the Mexican government to keep its promise to begin the bidding process this year for the long-delayed mega-port at Punta Colonet.

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